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Intangible Assets
12 Months Ended
Jan. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

8. Intangible Assets

A summary of the activity and balances in intangible assets is as follows:

 

 

 

Balance at December 29, 2019

 

 

Adjustments/Transfers

 

 

Balance at January 3, 2021

 

Gross Intangible Assets

 

 

 

 

 

 

 

 

 

Indefinite-lived trade names

 

$

182,937

 

 

$

 

 

$

182,937

 

Indefinite-lived liquor licenses

 

 

2,023

 

 

 

 

 

 

2,023

 

Finite-lived trade names

 

 

1,800

 

 

 

(800

)

 

 

1,000

 

Total intangible assets

 

$

186,760

 

 

$

(800

)

 

$

185,960

 

Accumulated Amortization

 

 

 

 

 

 

 

 

 

Finite-lived trade names

 

$

(1,365

)

 

$

365

 

 

$

(1,000

)

Total accumulated amortization

 

$

(1,365

)

 

$

365

 

 

$

(1,000

)

 

 

 

Balance at January 3, 2021

 

 

Adjustments/Transfers

 

 

Balance at January 2, 2022

 

Indefinite-lived trade names

 

$

182,937

 

 

$

 

 

$

182,937

 

Indefinite-lived liquor licenses

 

 

2,023

 

 

 

 

 

 

2,023

 

Total intangible assets (1)

 

$

184,960

 

 

$

 

 

$

184,960

 

 

(1)
Excludes the original cost and accumulated amortization of fully-amortized finite-lived intangible assets.

 

There was no amortization expense in 2021. Amortization expense was ($0.4) million and $0.2 million for 2020 and 2019, respectively.